Just five months after surpassing ASML, German software giant SAP has overtaken Novo Nordisk to become Europe’s most valuable listed company. SAP’s shares rose 1.6% on Monday, bringing its market cap to €313bn. That was just enough to nudge Danish weight loss drugmaker Novo off the top spot. SAP’s stock has risen more than 40% in the past year, amid booming demand for its AI-driven enterprise resource planning software (ERP). The cloud-based software centralises business data, allowing multiple departments to access and share information in one place. In contrast, Novo is having a tougher time on the stock market. Novo’s…
This story continues at The Next Web
https://thenextweb.com/news/sap-becomes-europes-most-valuable-company-asml-fourth
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Mar 24, 2025, 4:30:10 PM
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